Safety and Ecology Corp.
2800 Solway Road
Knoxville, TN  37931
Phone: (865)690-0501

SEC Receives Gold from EBJ


SEC Receives Gold - Outstanding Environmental Business Achievement Award for Sustained Growth from Environmental Business Journal (EBJ)


ARLINGTON, VA – February 10, 2009 Homeland Security Capital Corporation ("HSCC") (OTCBB: HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief, and security solutions to government and commercial customers, announced today that its environmental remediation subsidiary, Safety and Ecology Corporation (SEC) received top industry honors. SEC was awarded the Gold Medal Award from the Environmental Business Journal (EBJ) 2008 Business Achievement Awards.

Safety and Ecology Corporation (SEC), entering into its 17th year as a successful environmental services company based in Knoxville, TN has realized double-digit sustained growth over the past several years and employs more than 450 people worldwide. SEC has recently opened project and site offices in Pittsburgh, PA; Sandusky, OH, Livermore, CA; Middleton, IA; Albany, OR; Arlington, VA and Covington, KY. The EBJ business achievement award is the top honor in the medium firm ($20-100M) performance category.

"We have previously been recognized by the EBJ for project merit awards, to receive the Gold Medal this year is an honor as it is a true testimonial to the company's overall strength," said SEC CEO and HSCC President Christopher Leichtweis.

The EBJ, which is the leading business newsletter for the environmental industry, announced winners of the 2008 EBJ Business Achievement Awards, recognizing outstanding firms in the environmental industry. The annual awards program recognizes firms for their strong financial performance and growth as well as for specific projects which are significant in the advancement of the environmental industry.

What is the secret to not only surviving, but growing during these difficult times? EBJ Editor-in-Chief Grant Ferrier says, "Most companies in our industry remain mission-driven and their mission is a significant factor in their growth, morale, and employee recruitment and retention." The complete list of award recipients can be found online: www.environmentalbusinessjournal.com.

About Homeland Security Capital Corporation

Homeland Security Capital Corporation is a company engaged in the strategic acquisition, development, and consolidation of homeland security-related businesses, within the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. Former Maryland Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland, heads the company.

Homeland Security Capital Corporation operates businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities. Homeland Security Capital Corporation's portfolio of companies include:

Safety and Ecology Corporation (SEC) is a rapidly growing environmental services company in the U.S., providing services nationally, in Europe and the Caribbean. The Company specializes in the removal and remediation of hazardous nuclear materials for the U.S. Department of Energy, U.S. Department of Defense, and other federal agencies. SEC also provides advanced environmental services for private industry across the country and internationally. Since its founding in 1991, SEC has grown approximately 30 percent per year, and has emerged as a technology innovator with more than 450 personnel worldwide and with annual revenues of more than U.S. $70 million.

Polimatrix, Inc., a system integrator and total solutions provider delivering advanced radiation and nuclear protection and detection services. The company has been operating since September 2006 as a joint venture between Homeland Security Capital Corporation and Polimaster, Inc. For more information about Polimatrix, visit www.polimatrix.com.

Nexus Technologies Group, a mid-Atlantic security integrator for the corporate and governmental security markets that specializes in non-proprietary integrated security solutions including access control, alarm, video, communication, perimeter protection, and bomb and metal detection security systems. Utilizing cutting-edge technologies, Nexus provides innovative, engineered, and scalable solutions to effectively protect people, property, and assets. For more information about Nexus, visit www.nexusna.com.

For more information about Homeland Security Capital Corporation, or to be added to our e-mail distribution list, please visit www.hscapcorp.com.

Forward-Looking Statement

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments, are forward-looking statements. Although Homeland Security Capital Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements.

Contact:

Homeland Security Capital Corporation
Headquarters - Knoxville, TN
Anne Smith, 865-342-7668
asmith@sec-tn.com

or

Headquarters - Arlington, VA
Marianne Ricci, 703-528-7073 x100
mricci@hscapcorp.com